Julie Minuskin, Joshua Stoll, Dennis DiRicco, Tom Casey and Golden Genesis, Inc. See also: SEC Complaint

On April 8, 2022, the Securities and Exchange Commission charged Julie Minuskin, Dennis DiRicco, Tom Casey and Golden Genesis, Inc. with deceiving investors in their sales of high-yield promissory notes aimed at retirees, and also charged Minuskin and Joshua Stoll, who brokered the sale of the notes, with acting as unregistered broker-dealers.

The SEC's complaint alleges that Retire Happy LLC, a company owned by Minuskin, and her sales agent, Stoll, engaged in the unregistered offer and sale of securities - typically high-yield promissory notes issued by corporate borrowers. The complaint alleges that they targeted investors' retirement assets, vouching for the safety of the investments even though Minuskin knew that certain issuers of the notes were using new investor principal to pay returns due earlier investors. Per the complaint, neither Minuskin nor Stoll was licensed as a broker-dealer while selling securities to investors.

The complaint further alleges that Casey and DiRicco, the principals of Golden Genesis and Until Tomorrow Drivetrains, respectively, issuers of two of the notes sold by Retire Happy, conducted an unregistered and fraudulent offering of securities. More specifically, the complaint alleges that they misused and misappropriated investor funds to make Ponzi-like payments, where they used new investor monies to make interest payments due to prior investors. The complaint further alleges that Minuskin aided and abetted DiRicco and Casey in their fraudulent schemes.

Accordingly, the SEC has charged all of the defendants with violating Sections 5(a) and (c) of the Securities Act of 1933 ("Securities Act"); Stoll and Minuskin with violating Section 15(a) of the Securities Exchange Act of 1934 ("Exchange Act"); Minuskin with violating Section 17(a)(2) of the Securities Act; Casey and Golden Genesis with violating Section 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and DiRicco with violating Sections 17(a)(1) and (3) of the Securities Act, and Section 10(b) of the Exchange Act and Rules 10b-5(a) and (c) thereunder.

DiRicco has consented to the entry of an order permanently enjoining him from further violations of Sections 5 and 17(a) of the Securities Act and Section 10(b) of the Exchange Act and Rule 10b-5 thereunder, and further consents to officer-and-director and penny stock bars.

The SEC's investigation was conducted by Peter Del Greco with the assistance of Karaz Zaki, and supervised by Marc Blau of the Los Angeles Regional Office. The SEC's litigation will be led by Douglas M. Miller and supervised by Jennifer C. Barry.

• SEC Complaint